Today’s U.S. economic data painted a mixed picture, with less favorable news on inflation but signs of a potential recovery in employment. This development is likely to excite Federal Reserve Chair Jerome Powell and other hawkish members of the Fed, as it could strengthen their resolve against early interest rate cuts during the year’s initial meetings. Just moments ago, former President Donald Trump made significant statements unveiling his upcoming intentions.
Exciting Fed Announcements Anticipated
The identity of the new Federal Reserve Chair will be revealed within a few weeks. Trump is expected to announce his nominee either next week or, at the latest, by the second week of January. However, the new Chair will not be able to solve all issues instantly, as they would start in May, and many Fed members are expected to maintain Powell’s approach, even if he departs.
Trump remains determined to cut interest rates. In a recent statement, he emphasized that someone who doesn’t share his views should never lead the Fed. This assertion suggests that debates around the Fed’s independence will resurface in the new year.
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AAPL“Today’s financial news was excellent—GDP grew by 4.2% contrary to the predicted 2.5%, notwithstanding the headwinds from the recent government shutdown imposed by Democrats. However, in the modern market, when good news arrives, the market stays flat or falls because Wall Street’s leaders act differently than they used to. Previously, the market would rise on good news; nowadays, it falls due to expectations of swift interest rate hikes to address ‘potential’ inflation.”
“This essentially means we can never experience a great market like during our country’s founding and subsequent growth. Strong or exceptional markets do not cause inflation—foolishness does! I want my new Fed Chair to lower rates if the market does well, not disrupt the market without reason. I want a market like we haven’t seen in decades, one that rises on good news and falls on bad, as it should and once did. Inflation will self-correct, and if not, rates can be raised at the appropriate time—but killing growth that can boost our GDP by 10, 15, or even 20 points, or more, in a year is not the right time! If ‘intellectuals’ are allowed to destroy growth, our country can never be economically GREAT.”
“We will encourage a strong market to get stronger, not make it impossible. We will see unprecedented natural and superior numbers. MAKE AMERICA GREAT AGAIN! The United States should be rewarded for its SUCCESS, not torn down because of it. No one who disagrees with me can ever be Fed Chair!”
Bitcoin 
$79,672 is holding just a thousand dollars above its daily low despite these assertive remarks.
